Ghana - Savannah Investment Programme (AFDB-P-GH-A00-010)

Countries
  • Ghana
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 1, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
MINISTRY OF FOOD AND AGRICULTURE
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 14.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported U.A 20,000,000
Converted using 2019-10-01 exchange rate.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Jun 15, 2020


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Project Description

The Savannah Investment Programme (SIP) aims to reduce importation of animal protein, enhanced competitiveness of the poultry industry, improve small ruminants breeds and contribute to improved food and nutrition security in Ghana. The Programme seeks to increase farmers' food and nutrition security and incomes through increased agricultural productivity and diversification; and enhance the creation and strengthening of agribusinesses to increase incomes of actors along the selected value chains on a sustainable basis. The project has four components :(i) Access to Agriculture Finance,(ii) Production Development,(iii) Agri-Business and Value Chain Development and(iv) Project Management and Institutional Support. The Programme will be implemented over a five-year period (2019 -2024) at a total cost of UA25 million, of which UA20 millionis a loan from the ADF and UA5 million represents the Government and beneficiaries' contribution.

The overall goal of the programme is to reduce importation of animal protein, enhance competitiveness of the poultry industry, improve small ruminants breeds and contribute to improved food and nutrition security. Specific programme objectives are to increase national food and nutrition security as well as farmers' incomes through: (i) increased agricultural productivity and diversification; and (ii) enhanced creation and strengthening of agribusinesses, to increase incomes of actors along selected value chains on a sustainable basis.

Project direct beneficiaries are maize and soybean farmers, poultry farmers, livestock farmers, youth and women engaged in entrepreneurship Programme.

Investment Description
  • African Development Bank (AFDB)
Contact Information

BOAHEN Philip

p.boahen@afdb.org

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.